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The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
The House Ways and Means Committee approved a compromise income tax plan imposing 20% withholding on taxable wages and salaries, effective July 1, allowing options for payment schedules. The plan abandons prior proposals and goes to the House floor, including debate on canceling one year's tax as proposed by Beardsley Ruml.
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WASHINGTON, March 10.—The House of Representatives Ways and Means Committee today approved the compromise income tax collection plan imposing a 20 percent withholding levy on the taxable portions of all wages and salaries, leaving each individual the option of remaining a year behind in tax payments or "doubling up" taxes in one year, going on a pay-as-you-go basis with no tax abatement, providing a withholding levy against pay envelopes and salary checks effective July 1.
The Committee thus abandoned all of the long debated current tax collection proposals and transferred to the floor of the House the issue of whether the tax for one year should be cancelled and all taxpayers put on a pay-as-you-go basis as was proposed by Beardsley Ruml, New York banker.
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Domestic News Details
Primary Location
Washington
Event Date
March 10
Key Persons
Outcome
plan approved by committee and sent to house floor for debate on canceling one year's tax.
Event Details
House Ways and Means Committee approved compromise income tax collection plan with 20 percent withholding levy on taxable wages and salaries effective July 1, options for payment schedules, abandoning prior proposals.